Harvest Gold Corporation
TSX VENTURE : HVG

Harvest Gold Corporation

June 26, 2008 15:31 ET

Harvest Gold Announces Option Agreement for Rice Lake Gold Claim, Manitoba

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2008) - Harvest Gold Corporation (TSX VENTURE:HVG) (the "Company") is pleased to announce it has entered into an option agreement dated June 24, 2008 (the "Property Option Agreement") with William Kuran (the "Optionor") concerning the acquisition of all of the Optionor's right, title and interest (the "Interest") in and to a certain mineral claim located in the Province of Manitoba and referred to as the Cud3 Claim. Pursuant to the terms and conditions set forth in the Property Option Agreement, the Company will pay $5,000 and issue an aggregate of 200,000 common shares in the capital stock of the Company to the Optionor upon TSX approval. The Property is subject to a 2% Net Smelter Royalty, one-half of which (1%) can be purchased by the Company for $500,000. The Company will be required to complete minimum annual exploration work expenditures in order to maintain the property in good standing. The Property Option Agreement is subject to approval by the TSX Venture Exchange.

The property is located 7 km from the gold mining community of Bissett, Manitoba where San Gold Resources Corporation is operating two mines and a mill. The Company is interested in the claim for its potential to host similar mineralization to San Gold's nearby #2 and #3 gold zones.

All technical information in this release has been reviewed by the Qualified Person, Dr. George Gale, P.Eng.

Harvest Gold Corporation is a mineral exploration company working in Nevada, USA and Manitoba, Canada. In Nevada, the Company is exploring the 100% optioned Rosebud Mine property, a large generative gold property at Garcia Flats in the South Carlin Trend and an advanced property with a gold-silver resource at the Longstreet Mine, in Northern Nye County. In Manitoba, Harvest is exploring three groups of claims in the Rice Lake Gold Belt of south eastern Manitoba and at Assean Lake, Manitoba.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, CEO & Chairman

For more information about Harvest Gold Corporation, please review the Company's website www.harvestgoldcorp.com or speak with a Company representative at 1-866-816-0118 or 604-986-2020.

The TSX Venture Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Harvest Gold Corporation
    Keith Patey
    Director of Communications
    (604) 986-2020 or Toll Free: 1-866-816-0118
    (604) 986-2021 (FAX)
    Website: www.harvestgoldcorp.com
    or
    First Canadian Capital Corp.
    Dan Boase
    (416) 742-5600 ext. 232 or Toll Free: 1-866-580-8891
    Email: dboase@firstcanadiancapital.com